Retailers at 50 to 60 % of they breaking even at 75% + 20% off they start loosing money.
Hows does it feel like to be screwed for 11 months of the year for 60%
http://edition.cnn.com/video/#/video/business/2008/12/27/chernoff.holiday.sales.cnn

BirdGuano

12-28-2008, 12:24 AM

Retailers at 50 to 60 % of they breaking even at 75% + 20% off they start loosing money.
Hows does it feel like to be screwed for 11 months of the year for 60%
http://edition.cnn.com/video/#/video/business/2008/12/27/chernoff.holiday.sales.cnn

Average retail margin is between 30-50%

Unless they drove purchasing back in August at 90% off MSRP for the LANDED cost, they aren't making money this season.

Haellan

12-28-2008, 07:38 PM

I worked for a buyer once modeling high line clothing that was marked up 100% to 200%. When the clothes are marked down they still made a profit. So, yes I agree "Up yours retailers".

sandyd

12-28-2008, 07:59 PM

Knew someone who worked at a cheap Tee Shirt shop....each shirt they bought was about 50 cents....they sold for up to $20.00.....take 50% off....still a big mark up.

/is overhead THAT high? or were they greedy?

BirdGuano

12-29-2008, 12:22 AM

/is overhead THAT high? or were they greedy?

BOTH.

Malls are super high rent and triple net, which means the mall
owners take a percentage of your profits plus rent, taxes,
improvements and utilities.